Skip to comments.In Conversation: Michael Bloomberg
Posted on 09/07/2013 9:13:57 AM PDT by proxy_user
A common theme in the campaign to succeed you has been that youve governed primarily for the rich.
Im fascinated by these commentsand it is just campaign rhetoricsuggesting that we havent done enough for the poor. The truth of the matter is weve done a lot more than anybody else has ever done. The average compensationincomefor the bottom 20 percent is higher than in almost every other city. Of course, the average compensation for the top 20 percent is 25 percent higher than the next four cities. But thats our tax base. If we can find a bunch of billionaires around the world to move here, that would be a godsend, because thats where the revenue comes to take care of everybody else.
Whos paying our taxes? We pay the highest school costs in the country. It comes from the wealthy! We have an $8.5 billion budget for our Police Department. Were the safest big city in the countrystop me when you get bored with this! Life expectancy is higher here than in the rest of the countrywhos paying for that? We want these people to come here, and its not our job to say that theyre over- or underpaid. I might not pay them the same thing if it was my companymaybe Id pay them more, I dont know. All I know is from the citys point of view, we want these people, and why criticize them? Wouldnt it be great if we could get all the Russian billionaires to move here?
(Excerpt) Read more at nymag.com ...
Read the whole 8 pages, it is most interesting.
New York City is in for an epic train wreck.
Bloomberg has some liberal tendencies, but he is beyond sound when it comes to business - in fact he is a world-class genius manager - a superstar. That’s what has kept NYC afloat and prospering despite obligations per capita that dwarf Detroit’s.
Bill De Blasio is a hard left ideologue with no private sector experience. He will drive NYC off the financial cliff with the accelerator pinned to the floor. It is going to be an epic failure - worse than Dinkins, back to the long hot Summers of the ‘60s and bankruptcy.
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